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Politics : Idea Of The Day
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To: gerard mangiardi who wrote (34970)11/6/2000 11:54:08 AM
From: IQBAL LATIF  Read Replies (3) of 50167
 
<<long term i think a bush win will be awful for the markets. a large part of the growth we have been experiencing has been the result of fiscal discipline at the federal level which has allowed the fed to be stimulative in its policies>>

The present era of new wealth creation find its very roots in 'tax cuts and spending cuts' of the supply side economic revolution, the present era is an extension of that big tax cuts, we need to rivive that incentive spirit, lets empower people with more of their money, let them decide what works best for them.. the huge military expenditure of 80's finally resulted in the peace dividend and crumbling of the Russian military might. Ideologically 'evil empire' statement and star war SDI initiative sounded like 'war mongering of the right' however the result was that when it came down to 'eye ball to eye ball' contact the Russians backed down, the 'Third world war' was won by diplomatic posturing without shedding of any blood. WARSAW pact unruffled without any taknsk rolling down the plains of Rhineland.. This is the ultimate success in policy objective. We need to empower people, cut the government, let the people take more money home and let them have maximum incentive to work hard..

Cutting taxes is enlarging the scope of present era of wealth creation, this is going to be the new impetus that is really needed, of course fiscal discipline would be absolutely required but now defense expenditure does not need to rise like in early 80's as no bluffs need to be called, that rising defense expenditure if you look back with a benefit of hindsight resulted in cheapest peace achieved.. I am confident that new leadership would use the purse and the head carefully....
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